Contract Works Insurance :: Calculators
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Contract Works Insurance Trades Insurance Calculator

Explore your trades insurance needs with our Trades Insurance Calculator. Estimate potential cover amounts for your business and see how different trade activities, workplace risks and coverage assumptions may influence your insurance estimates.

'Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.'

Trades / Contractors – Insurance Calculator

For carpenters, electricians, plumbers, painters, roofers, tilers, landscapers and more. Totals your property replacement values, suggests a Public Liability limit, and estimates a Contract Works – any one contract limit. Not a quote or advice.

Step 1 of 7
Progressive form
Work through the steps, or skip optional sections. Your entries auto-save in your browser.

1) Business details

Tell us what you do and how you prefer totals displayed (ex-GST vs incl. GST).

Most trades claim input tax credits → ex‑GST sums.
If there’s a financier/lessor, your broker may need this noted on the policy.
Next: add your tools & portable equipment (or skip if not needed).

2) Tools & portable equipment

Hand tools, cordless kits, lasers, test gear, laptops/tablets. Portable/away-from-premises

3) Plant & machinery

Compressors, generators, welders, concrete mixers, small plant, forklifts (unregistered).

4) Site gear & temporary structures

Scaffold, site sheds, hoardings, fencing, signage, tarps.

5) Materials, transit & hired-in plant

Materials on site (contract works), goods in transit, and optional hired-in plant limits.

Replacement value of materials awaiting installation.
Used for context only; limits/terms vary by insurer.

6) Public Liability – limit suggestion

These exposure flags help suggest a liability limit. Your contract/principal requirement overrides the minimum.

7) Contract Works & results

Estimate an “any one contract” limit, then calculate recommended sums & suggested limits.

When you’re ready, calculate your totals and suggested limits.

Heads‑up: Liability, Contract Works wording, Tools theft limits/excesses, and Hired‑in Plant terms vary by insurer. This tool totals user‑entered values and uses heuristics to suggest limits. It isn’t a quote or advice.

Calculator outputs are estimates only and do not constitute quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.

How to use our Trades Insurance Calculator

Our Trades Insurance Calculator helps Australian tradies and contractors estimate practical insurance sums insured and limits. It is designed to total key replacement values for tools, plant and site gear, and to suggest starting points for Public Liability and Contract Works cover so you can better protect your business income, cash flow and personal financial position if something goes wrong.

Why this matters: underinsuring can leave you paying the gap after theft, fire, accidental damage or a liability claim, while overinsuring can mean paying more premium than necessary. This calculator provides an organised way to capture your exposure before you request a quote.

How to complete the calculator for the best result:

1. Business details: Choose your trade, enter your team size (including you), then select GST treatment. If you are GST-registered, values are generally best entered excluding GST because many businesses can claim input tax credits. Add a financier if applicable, as financed assets can affect how cover is arranged.

2. Tools and portable equipment: Use “Add tool/portable” to list hand tools, power tools and tech equipment used off-site. Enter realistic replacement cost today, not what you paid years ago.

3. Plant and machinery: Add compressors, generators, mixers and other unregistered plant. Use current new-for-old replacement values where appropriate.

4. Site gear and temporary structures: Add scaffold, temporary fencing, sheds and similar items used on job sites.

5. Materials on site and in transit: Enter the typical maximum value of materials stored at site and, if relevant, goods in transit.

6. Hired-in plant (optional): Enter the limit you may be responsible for and estimated hire days per year.

7. Public Liability inputs: Select any contract-required limit, then answer the risk questions (site value exposure, height work, excavation depth, hot works, subcontractor use) to help generate a suggested limit.

8. Contract Works: Enter your largest job value and a buffer percentage for variations to estimate an “any one contract” limit.

How to interpret results: Treat the outputs as estimates and a conversation starter, not a quote or personal advice. The totals show your likely replacement sums insured, while the suggested liability and contract works limits reflect the risk factors you selected. Always check insurer wordings, sub-limits, exclusions, waiting periods and excesses, and consider obtaining advice from a licensed insurance broker to ensure cover suits your objectives, financial situation and needs.

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Insurance News

New specialty insurer adds capacity for construction risks
New specialty insurer adds capacity for construction risks
05 Nov 2026: Paige Estritori
Munich Re Specialty’s formal entry into the Australian primary specialty insurance market on 2 November 2026 is a fresh signal that capacity is returning to selected commercial risks, including construction and engineering. For builders, contractors and project owners, the development is relevant because it adds another recognised name to a market where placement outcomes still depend heavily on project quality, documentation and risk controls. - read more
New single-project option signals more movement in construction insurance
New single-project option signals more movement in construction insurance
29 Oct 2026: Paige Estritori
A new single-project construction insurance product has entered the Australian market, adding to signs that capacity is improving for selected residential and commercial building risks. Hutch Underwriting announced the launch in late September 2026, alongside higher limits for its annual construction product, giving brokers another placement option for standalone builds and recurring construction programs. - read more
Why rising builder failures matter for contract works cover
Why rising builder failures matter for contract works cover
17 Sep 2026: Paige Estritori
Australia's construction sector remains under pressure, with recent insolvency figures continuing to show building and construction as one of the most exposed parts of the economy. Higher material costs, tight margins, labour shortages, delayed payments and fixed-price contract stress have all contributed to a tougher operating environment for builders, subcontractors and project owners. - read more
Contract Works Insurance Articles

Contract Works Insurance Requirements for Tenders and Construction Contracts
Contract Works Insurance Requirements for Tenders and Construction Contracts
Construction tenders and contracts often ask builders to show evidence of insurance before work starts. This guide explains common contract works insurance requirements, certificates of currency and related documents that may be requested in Australia. - read more
Contract Works Insurance vs Public Liability Insurance: Key Differences for Builders
Contract Works Insurance vs Public Liability Insurance: Key Differences for Builders
Contract works insurance and public liability insurance protect against different construction risks. This guide explains how they differ, where other builders insurance types fit, and what builders should check before relying on any policy. - read more
Single Project vs Annual Contract Works Insurance: How the Policy Types Differ
Single Project vs Annual Contract Works Insurance: How the Policy Types Differ
Single project and annual contract works insurance can both help cover construction works, but they are structured differently. This guide explains how each policy type generally works, when each may be considered and what Australian builders and contractors should check before arranging cover. - read more
Contract Works Insurance for Renovations and Extensions: What to Consider
Contract Works Insurance for Renovations and Extensions: What to Consider
Renovations, extensions and domestic building works can create insurance questions that are different from a standard new build. This guide explains when contract works insurance may be relevant, what to check before work starts and how project details can affect cover. - read more

Knowledgebase
Coinsurance:
A percentage of the cost of a covered healthcare service that you pay after you have paid your deductible.